Bitcoin, Ether extend relief rallies as extreme fear meets renewed ETF buying
Bitcoin and Ether bounced off multi-year lows as dip buyers finally stepped in, and the spot BTC ETFs saw a $221 million inflow on July 2.
Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after BTC fell to a 21-month low and ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100.
Crypto Fear & Greed Index. Source: Alternative.me